FUSE vs UCFI: Correlation
Measured on weekly returns over the past three years, Fusemachines Inc. (FUSE) and CN Healthy Food Tech Group Corp. (UCFI) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUSE and UCFI?
Across a 3-year window, the weekly returns of FUSE and UCFI correlate at 0.42, moderate. The link has loosened recently: the 1-year correlation (-0.02) runs below the 3-year figure (0.42). Stretching to 5 years gives n/a, with an annualized covariance of 3384.1 %².
In FUSE's tracked universe of 15 assets, UCFI sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months UCFI outperformed by 40.5 percentage points (-94.6% for FUSE against -54.1% for UCFI). Note the risk asymmetry: FUSE runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
FUSE vs UCFI: side by side
| FUSE (Fusemachines Inc.) | UCFI (CN Healthy Food Tech Group Corp.) | |
|---|---|---|
| 1-year return | -94.6% | -54.1% |
| 5-year return | -92.2% | n/a |
| Volatility (ann.) | 111.4% | 66.8% |
| Beta vs S&P 500 | 0.31 | -0.21 |
| Max drawdown (3Y) | -96.0% | -67.3% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 30.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FUSE | UCFI |
|---|---|---|
| 2023 | +7.6% | – |
| 2024 | +5.6% | – |
| 2025 | -85.7% | -46.5% |
| 2026 | -53.8% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUSE and UCFI good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FUSE and UCFI?
The FUSE/UCFI correlation stands at 0.42 on a 3-year window (1 year: -0.02, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is UCFI a good diversifier for FUSE?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fuse-vs-ucfi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fuse-vs-ucfi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FUSE correlations · UCFI correlations
